Are these two last down days in the market the prelude to the bear market of 2007?

Ken is in general correct but generalities are a bad bet. Only time will tell whether the sell off will continue or not. It is always a good idea to have a healthy cash reserve in case the bear proves to reign supreme. Remember buy low, sell high. There has been a very healthy rally going back to 2004. It might be a good idea to pocket cash.